Duke Energy Corporation
DUK21 yrs growthUtilities · Stock · quarterly payer
Forward Yield
3.60%
Annual Dividend
$4.34
Payout Ratio
64%
5-Yr Growth
2.0%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Summary
As of September 2026, Duke Energy Corporation (DUK) yields 3.60% ($4.34 per share annually), with a blended fair-value estimate of $127.99 — +6% upside, so it screens as fairly valued. Dividend safety grade: A (92/100). 21 years of dividend growth.
Is DUK a good dividend stock?
YesDuke Energy Corporation (DUK) pays a quarterly dividend yielding 3.60% ($4.34/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.60%
- Payout Ratio
- 64%
- Annual Dividend
- $4.34
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 21
- Frequency
- quarterly
- Beta
- 0.36
- Market Cap
- $94.7B
- P/E Ratio
- 18.1
- 5-Yr Total Return
- 23%
- 52-Week Range
- $113.90 – $134.49
- Dividend Safety
- A · 92/100
- Ever Cut?
- No
Frequently Asked Questions
DUK Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
+36%
5 Years
+23%
52-Week Range
$113.90 – $134.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DUK worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Duke Energy Corporation is $127.99 per share, versus a market price of $120.25. That implies the stock is roughly fairly priced.
Fair Value
$127.99
Current Price
$120.25
Gap
+6%
Margin of Safety
6%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 7.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 7.0% stage-1 growth, 2.5% terminal growth, $6.60 EPS, $4.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DUK Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $1.0850 | regular |
| May 15, 2026 | — | $1.0650 | regular |
| Feb 13, 2026 | — | $1.0650 | regular |
| Nov 14, 2025 | — | $1.0650 | regular |
| Aug 15, 2025 | — | $1.0650 | regular |
| May 16, 2025 | — | $1.0450 | regular |
| Feb 14, 2025 | — | $1.0450 | regular |
| Nov 15, 2024 | — | $1.0450 | regular |
| Aug 16, 2024 | — | $1.0450 | regular |
| May 16, 2024 | — | $1.0250 | regular |
| Feb 15, 2024 | — | $1.0250 | regular |
| Nov 16, 2023 | — | $1.0250 | regular |
| Aug 17, 2023 | — | $1.0250 | regular |
| May 11, 2023 | — | $1.0050 | regular |
Income Calculator
At $4.34 / yr per share
